Reply #9: There are many troubling aspects here ... [View All]

[Trajan]

Another citation:

Meanwhile, already- parched Western states bracing for more growth are completing water supply inventories. A Colorado study projected that by 2050, with the state's oil shale operations at full capacity, the industry will require 14 times more power than currently generated by the state's largest power plant.

The study's sobering bottom line is that meeting oil shale's energy demands could require more water than Colorado is entitled to under an interstate compact.

-snip-

Despite the objections, oil shale development has been pushed forward by a series of recent actions. In an effort to encourage the fledgling industry, officials said, new regulations allow oil shale operators to pay unusually low royalty rates. The system calls for producers to pay 5% for the first five years, increasing 1% each year until reaching 12.5%, the standard federal oil and gas royalty rate.

In recent weeks, the industry was included in the $700-billion government bailout package with investment and tax incentives to help oil shale producers build refineries and other expensive infrastructure.

This is a fucking TRAVESTY ..... How much energy is going to be expended to extract 'energy' ? ... and why should the entities that benefited from the HIGHEST PROFITS IN HISTORY hit the public treasure up for development funds to build on PUBLIC LAND ? .... at DISCOUNT royalties for the public revenues ?

That is one might sweet deal, not even figuring the ASININE usage of water and FOURTEEN TIMES the energy already used in Colorado .... Where the FUCK is that energy going to come from ? .... So they will build MORE power plants to help power energy extraction from OUR LAND, paying us LESS AND LESS for MORE AND MORE, and we will foot the bill for making it all happen, AND suffer the excess discharge from the required power plants ....

What kind of incestuous clusterfuck are they doing to us AGAIN ? ....

This puts Enron to shame .... Enron was a puny ninety pound weakling ....